CARRONADE CAPITAL MANAGEMENT, LP Hedge Fund

CIK: 0001866872 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 14, 2023

Total Value ($000): $680,434 (85.8% shares, 14.2% debt)

Holdings (28)

IWM ISHARES TR 18.2%

Value ($000) $123,718 Shares 700,000 Est. Cost — Unrealized —

IWM ISHARES TR 18.2%

Value ($000) $123,718 Shares 700,000 Est. Cost — Unrealized —

— TRANSOCEAN INC 5.9%

Value ($000) $40,417 Shares 22,500,000 Est. Cost $1.00 Unrealized —

MPT MEDICAL PPTYS TRUST INC 5.6%

Value ($000) $38,150 Shares 7,000,000 Est. Cost — Unrealized —

SWX SOUTHWEST GAS HLDGS INC 5.2%

Value ($000) $35,364 Shares 585,394 Est. Cost $71.94 Unrealized -11.3%

OIH VANECK ETF TRUST 5.1%

Value ($000) $34,504 Shares 100,000 Est. Cost — Unrealized —

EXEEL CHESAPEAKE ENERGY CORP 4.7%

Value ($000) $32,227 Shares 456,802 Est. Cost $50.19 Unrealized —

KRE SPDR SER TR 4.3%

Value ($000) $29,239 Shares 700,000 Est. Cost — Unrealized —

— DISH NETWORK CORPORATION 3.5%

Value ($000) $23,945 Shares 25,000,000 Est. Cost $0.89 Unrealized —

AAL AMERICAN AIRLS GROUP INC 3.4%

Value ($000) $23,058 Shares 1,800,000 Est. Cost — Unrealized —

CVNA CARVANA CO 3.1%

Value ($000) $20,990 Shares 500,000 Est. Cost — Unrealized —

GBTG GLOBAL BUSINESS TRAVEL GROUP 2.8%

Value ($000) $19,105 Shares 3,473,562 Est. Cost $5.88 Unrealized +9.6%

— AURORA CANNABIS INC 2.5%

Value ($000) $16,727 Shares 16,982,000 Est. Cost $0.85 Unrealized —

— GEO CORRECTIONS HOLDINGS INC 2.3%

Value ($000) $15,727 Shares 13,300,000 Est. Cost $1.18 Unrealized —

VAL/WS VALARIS LTD 2.0%

Value ($000) $13,677 Shares 938,688 Est. Cost $5.48 Unrealized —

SPHR SPHERE ENTERTAINMENT CO 1.6%

Value ($000) $11,189 Shares 301,097 Est. Cost $29.99 Unrealized +22.9%

— ONYX ACQUISITION CO I 1.6%

Value ($000) $10,786 Shares 994,082 Est. Cost $10.52 Unrealized —

HTZ HERTZ GLOBAL HLDGS INC 1.5%

Value ($000) $10,280 Shares 839,200 Est. Cost $22.07 Unrealized -24.2%

HTZWW HERTZ GLOBAL HLDGS INC 1.4%

Value ($000) $9,453 Shares 1,544,589 Est. Cost $14.53 Unrealized —

PSEC PROSPECT CAP CORP 1.4%

Value ($000) $9,207 Shares 1,521,900 Est. Cost — Unrealized —

HTZ HERTZ GLOBAL HLDGS INC 1.1%

Value ($000) $7,559 Shares 617,029 Est. Cost $22.07 Unrealized -24.2%

— ALMACENES EXITO S A 1.0%

Value ($000) $6,850 Shares 1,250,000 Est. Cost $5.48 Unrealized —

BHC BAUSCH HEALTH COS INC 1.0%

Value ($000) $6,576 Shares 800,000 Est. Cost $8.62 Unrealized 0.0%

BHC BAUSCH HEALTH COS INC 0.8%

Value ($000) $5,754 Shares 700,000 Est. Cost $8.62 Unrealized 0.0%

HE HAWAIIAN ELEC INDUSTRIES 0.8%

Value ($000) $5,303 Shares 430,800 Est. Cost $24.33 Unrealized 0.0%

HE HAWAIIAN ELEC INDUSTRIES 0.5%

Value ($000) $3,457 Shares 280,800 Est. Cost $24.33 Unrealized 0.0%

VAL VALARIS LTD 0.3%

Value ($000) $1,875 Shares 25,000 Est. Cost $73.45 Unrealized 0.0%

CCO CLEAR CHANNEL OUTDOOR HLDGS 0.2%

Value ($000) $1,580 Shares 1,000,000 Est. Cost $1.52 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	700,000	$123,718	18.2%	—	—	Call	464287655
IWM	ISHARES TR	700,000	$123,718	18.2%	—	—	Put	464287655
—	TRANSOCEAN INC	22,500,000	$40,417	5.9%	$1.00	—	DEB 4.000%12/1	893830BT5
MPT	MEDICAL PPTYS TRUST INC	7,000,000	$38,150	5.6%	—	—	Put	58463J304
SWX	SOUTHWEST GAS HLDGS INC	585,394	$35,364	5.2%	$71.94	-11.3%	COM	844895102
OIH	VANECK ETF TRUST	100,000	$34,504	5.1%	—	—	Put	92189H607
EXEEL	CHESAPEAKE ENERGY CORP	456,802	$32,227	4.7%	$50.19	—	*W EXP 02/09/202	165167180
KRE	SPDR SER TR	700,000	$29,239	4.3%	—	—	Put	78464A698
—	DISH NETWORK CORPORATION	25,000,000	$23,945	3.5%	$0.89	—	NOTE 2.375% 3/1	25470MAD1
AAL	AMERICAN AIRLS GROUP INC	1,800,000	$23,058	3.4%	—	—	Put	02376R102
CVNA	CARVANA CO	500,000	$20,990	3.1%	—	—	Put	146869102
GBTG	GLOBAL BUSINESS TRAVEL GROUP	3,473,562	$19,105	2.8%	$5.88	+9.6%	COM CL A	37890B100
—	AURORA CANNABIS INC	16,982,000	$16,727	2.5%	$0.85	—	NOTE 5.500% 2/2	05156XAG3
—	GEO CORRECTIONS HOLDINGS INC	13,300,000	$15,727	2.3%	$1.18	—	NOTE 6.500% 2/2	36166WAB9
VAL/WS	VALARIS LTD	938,688	$13,677	2.0%	$5.48	—	*W EXP 04/29/202	G9460G119
SPHR	SPHERE ENTERTAINMENT CO	301,097	$11,189	1.6%	$29.99	+22.9%	CL A	55826T102
—	ONYX ACQUISITION CO I	994,082	$10,786	1.6%	$10.52	—	SHS CL A	G6755Q109
HTZ	HERTZ GLOBAL HLDGS INC	839,200	$10,280	1.5%	$22.07	-24.2%	Put	42806J700
HTZWW	HERTZ GLOBAL HLDGS INC	1,544,589	$9,453	1.4%	$14.53	—	*W EXP 06/30/205	42806J148
PSEC	PROSPECT CAP CORP	1,521,900	$9,207	1.4%	—	—	Put	74348T102
HTZ	HERTZ GLOBAL HLDGS INC	617,029	$7,559	1.1%	$22.07	-24.2%	COM NEW	42806J700
—	ALMACENES EXITO S A	1,250,000	$6,850	1.0%	$5.48	—	SPON ADS	02028M105
BHC	BAUSCH HEALTH COS INC	800,000	$6,576	1.0%	$8.62	0.0%	COM	071734107
BHC	BAUSCH HEALTH COS INC	700,000	$5,754	0.8%	$8.62	0.0%	Call	071734107
HE	HAWAIIAN ELEC INDUSTRIES	430,800	$5,303	0.8%	$24.33	0.0%	Put	419870100
HE	HAWAIIAN ELEC INDUSTRIES	280,800	$3,457	0.5%	$24.33	0.0%	COM	419870100
VAL	VALARIS LTD	25,000	$1,875	0.3%	$73.45	0.0%	CL A	G9460G101
CCO	CLEAR CHANNEL OUTDOOR HLDGS	1,000,000	$1,580	0.2%	$1.52	0.0%	COM	18453H106